Serbia Seeks to Save Sole Refiner NIS Hit by US Sanctions
- Serbia’s President Vucic calls US sanctions very harsh
- Country has 45 days to negotiate a solution, he says
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Serbian President Aleksandar Vucic called a US decision to sanction Naftna Industrija Srbije, the country’s sole refiner that’s controlled by Gazprom, very harsh and said “some kind of transaction” will be needed to ensure its functioning.
“It’s not an easy situation for Serbia,” Vucic told Bloomberg in an interview in Belgrade on Friday, shortly after the US imposed its most aggressive sanctions on Russia’s oil industry yet. “As a small country, we’re up against the wall because of interests of big” states.